Posted by on Mar 16, 2013 in | 0 comments

The fourth important item involves arranging a home inspection. In some instances, Buyers waive the right of inspection to make their bid more attractive to the Seller. In others, the Seller might not allow an inspection. Home inspections for residential real estate are common and, absent compelling circumstances, should never be waived. If the Buyer waives an inspection, and a problem presents itself, it is unlikely that the Buyer will have any recourse. If the inspection cannot take place until after the signing of the Purchase and Sale Agreement, then there must be an appropriate contingency to protect the Buyer in the Purchase and Sale Agreement itself.

Leave a Reply

Your email address will not be published. Required fields are marked *